'Drill, baby, drill'- Viridien, Vallourec tops SBF 120

Viridien SA

06/11/2024 09:42

**  Shares in Viridien  VIRI.PA  and Vallourec  VLLP.PA 
jump after Donald Trump claims victory in the U.S. presidential
election
    ** An analyst from Paris said the stocks are up as investors
expect more oil production in the U.S. under a Trump
administration
    ** "Drill, baby, drill," the analyst recalled recent words
from Trump
    ** Viridien, which produces equipment to find oil drilling
spots, has risen over 16% and is on track for best day since
mid-May
    ** Vallourec, which produces steel pipes used for drilling,
is up almost 6% and tracking best day since the end of August
    ** Both stocks are at the top of France's SBF 120 Index
 .SBF120 
    

 (Reporting by Michal Aleksandrowicz)
 ((michal.aleksandrowicz@tr.com))